Phillips 66 stock trades at USD 264.58 as Goldman lifts target
Published on 10/03/2026 at 22:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Phillips 66 (ISIN US7185461040) was last at USD 264.58 on the NYSE on October 2, 2026 at 4:00 p.m. ET, up 0.13 percent from the prior close. The immediate catalyst is a fresh analyst reset: Markets Insider reported on October 1, 2026 that Goldman Sachs lifted its price target from USD 245 to USD 274 while keeping a Neutral rating.
Goldman target moves above the share price
The revised USD 274 target stands 3.6 percent above the October 2 price of USD 264.58. That gap is smaller than the target change itself, showing how quickly the market has already repriced Phillips 66 after its second-quarter earnings strength.
The stock's session range ran from USD 255.80 to USD 267.27, while volume reached 1,987,536 shares. Its 52-week range of USD 126.74 to USD 277.12 places the latest price 4.5 percent below the yearly high.
Q2 earnings reset the baseline
Zacks reported that adjusted EPS reached USD 9.41 in Q2 2026, up 295.4 percent from USD 2.38 a year earlier and 22.5 percent above the USD 7.68 consensus. Total revenues and other income rose 56.2 percent year over year to USD 52.04 billion.
The operating detail explains the scale of the improvement. Zacks reported that realized refining margins increased to USD 24.08 per barrel from USD 11.25, while refining adjusted pre-tax income rose to USD 3.09 billion from USD 392 million in Q2 2025. Operating cash flow reached USD 7.26 billion in the quarter, giving capital returns and debt reduction more room.
October 28 marks the next checkpoint
Phillips 66's next scheduled report is October 28, 2026. According to Phillips 66 in its September 16, 2026 release, management will discuss third-quarter results during a webcast at noon ET after the results are released.
For investors, the central test is whether refining margins can remain near the Q2 level while the company integrates its expanded refining base. Phillips 66 combines Refining, Midstream, Chemicals, Marketing and Specialties, and Renewable Fuels businesses, so the next report will show whether the earnings surge is broadening beyond refining.
Phillips 66 stock stays near its yearly high
Phillips 66 stock was last at USD 264.58 on the NYSE on October 2, 2026 at 4:00 p.m. ET, with a market capitalization of USD 106.1 billion and a 52-week range of USD 126.74 to USD 277.12.
Phillips 66 stock facts
- Company: Phillips 66
- ISIN: US7185461040
- Ticker: PSX
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 264.58
- Market capitalization: USD 106.1 billion (as of October 2, 2026)
- 52-week range: USD 126.74-277.12 (as of October 2, 2026)
- Sector / Industry: Energy minerals / Oil refining and marketing
- Next earnings date: October 28, 2026
